Scotty's Inc.

November 19, 1985|By Deanne Brandon

JUST IN CASE. Scotty's Inc. Monday announced a right-of-first-refusal agreement with its two largest shareholders. The agreement, in effect an anti- takeover maneuver, calls for Scotty's chairman James W. Sweet and his family, along with the Belgian firm GB-Inno-BM, to give Scotty's the right of first refusal if they decide to sell their stock. The Sweet family and GB- Inno-BM control 36 percent of Scotty's outstanding shares. Scotty's, based in Winter Haven, operates do-it-yourself building-supply warehouses.